0001213900-20-030083.txt : 20201005 0001213900-20-030083.hdr.sgml : 20201005 20201005143848 ACCESSION NUMBER: 0001213900-20-030083 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20201005 FILED AS OF DATE: 20201005 DATE AS OF CHANGE: 20201005 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Borqs Technologies, Inc. CENTRAL INDEX KEY: 0001650575 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER INTEGRATED SYSTEMS DESIGN [7373] IRS NUMBER: 000000000 STATE OF INCORPORATION: D8 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 6-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-37593 FILM NUMBER: 201223194 BUSINESS ADDRESS: STREET 1: TOWER A, BLDG B23 UNIVERSAL BUSINESS PRK STREET 2: NO. 10 JIUXIANGQIAO ROAD CITY: CHAOYANG DISTRICT, BEIJING STATE: F4 ZIP: 100015 BUSINESS PHONE: 86 10-5975-6336 MAIL ADDRESS: STREET 1: TOWER A, BLDG B23 UNIVERSAL BUSINESS PRK STREET 2: NO. 10 JIUXIANGQIAO ROAD CITY: CHAOYANG DISTRICT, BEIJING STATE: F4 ZIP: 100015 FORMER COMPANY: FORMER CONFORMED NAME: Pacific Special Acquisition Corp. DATE OF NAME CHANGE: 20150810 6-K 1 ea127830-6k_borqs.htm REPORT OF FOREIGN PRIVATE ISSUER

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13A-16 OR 15D-16
OF THE SECURITIES EXCHANGE ACT OF 1934

For the month of October 2020

Commission File Number 001-37593

	BORQS TECHNOLOGIES, INC.
	(Translation of registrant’s name into English)

Suite 309, 3/F, Dongfeng KASO, Dongfengbeiqiao

Chaoyang District, Beijing 100016, China

(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F ☒ Form 40-F ☐

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ☐.

Note: Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report to security holders.

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ☐.

Note: Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submitted to furnish a report or other document that the registrant foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally organized (the registrant’s “home country”), or under the rules of the home country exchange on which the registrant’s securities are traded, as long as the report or other document is not a press release, is not required to be and has not been distributed to the registrant’s security holders, and, if discussing a material event, has already been the subject of a Form 6-K submission or other Commission filing on EDGAR.

INFORMATION CONTAINED IN THIS FORM 6-K REPORT

On September 30, 2020, Borqs Technologies, Inc. (the “Company”) filed its annual report for the year ended December 31, 2019. On October 2, 2020, the Company received notification from Nasdaq that it had regained compliance with Nasdaq Listing Rule 5250(c)(1) and that the Nasdaq hearing panel had determined to continue the listing of the Company’s ordinary shares on The Nasdaq Stock Market. Attached to this report on Form 6-K as Exhibit 1 is a copy of the press release of the Company dated October 5, 2020, announcing the panel’s decision.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	BORQS TECHNOLOGIES INC.
	(registrant)

Dated: October 5, 2020	By:	/s/ Anthony K. Chan
		Anthony K. Chan
		Chief Financial Officer

EXHIBIT INDEX

Exhibit Number		Description

1		Press Release

EX-1 2 ea127830ex1_borqs.htm PRESS RELEASE

Exhibit 1

Borqs Filed Annual Report for Year Ended December 31, 2019

And Regained Compliance with Nasdaq Continuous Listing Rules

Santa Clara, California, October 5, 2020 – Borqs Technologies, Inc. (Nasdaq: BRQS), (the “Company”, or “Borqs”), a global leader in embedded software and products for the Internet of Things (IoT) industry, announced it filed the annual report for the year ended December 31, 2019 on Form 20-F on September 30, 2020 with the U.S. Securities and Exchange Commission. The Company received a letter dated October 2, 2020 from the Hearings Advisor of the Nasdaq Office of General Counsel stating that the Company “has regained compliance with the Nasdaq Listing Rule 5250(c)(1)”. Currently, the Company has met all continued listing requirements of the Nasdaq Capital Market.

About Borqs Technologies, Inc.:

Borqs Technologies is a global leader in software and products for the IoT, providing customizable, differentiated and scalable Android-based smart connected devices and cloud service solutions. Borqs has achieved leadership and customer recognition as an innovative end-to-end IoT solutions provider leveraging its strategic chipset partner relationships as well as its broad software and IP portfolio.

Borqs’ unique strengths include its Android and Android Wear Licenses which enabled the Company to develop a software IP library covering chipset software, Android enhancements, domain specific usage and system performance optimization, suitable for large and low volume customized products. The Company is also currently in development of 5G products like smartphones and hotspots.

Investor Contact:

Sandra Dou

Director of Finance

Borqs Technologies, Inc.

sandra.dou@borqs.net